salvation through inflation the economics of social credit phần 3 pps

... blueprint. The Opportunity of a Lifetime In 1 935 , .in the middle of the Great Depression, the Social Credit League won 89% of the seats in the legislature of the Western Canadian province of Alberta. ... reconstruction. The two of them filled tens of thousands of pages with their criticism of capitalism and also detailed criticisms of their socialis...

Ngày tải lên: 09/08/2014, 19:22

... than in 1 935 . Today, the de- tails of Social Credit economics no longer interest anyone out- side of one of the tiny, struggling national organizations that still call themselves Social Credit. ” ... the fragmented Social Credit organizations!) 5. Maurice Colbourne, The Meaning of Social Credit (4th revised edition; Edmon- ton, Alberta: Social Credit...

Ngày tải lên: 09/08/2014, 19:22

... to the problem of price inflation to turn the power of money creation over to the politicians rather than the central bankers. The politicians of the French Revolution des- troyed the value of ... chalIenge to the universal laws of chemistry. But at least the Christian affirms the existence of miracles irrespective of the hypothetical universal laws of...

Ngày tải lên: 09/08/2014, 19:22

... separate the value of the collateral from the monetary effects of the credit on the collateral. In this respect, Social Credit is the representative example of all other fiat money credit reforms ... the issue of money. The Target of His Criticism The failure of capitalism, Douglas said, is the failure of fi- nancial credit to match the output o...

Ngày tải lên: 09/08/2014, 19:22

... offset the effects of the second law of thermody- namics. We produce increasing order out of the apparent disor- der of our environment. 8 The standard physical explanation of this is that the ... openly followed the monetary theory of the self-taught16 economist, J. A. Hobson, who argued, as Douglas summarized him, for the inadequacy of the money available i...

Ngày tải lên: 09/08/2014, 19:22

... debate on Social Credit. They want out. What is the difference between the value of the tickets in the first example and their value in the second? The seats are physically the same. The tickets ... the issue of credit. Such a monopoly is mandatory in So- cial Credit economics: for the experts to fill in the formula with accurate data, they would need to contr...

Ngày tải lên: 09/08/2014, 19:22

... by the State, then the State has become the true owner. The tools of production are in the hands of the State. Thk is the essence of socialism. Decapitalization Through Mass Inflation During the ... Nott, 1 934 ), p. 104. 3. See Appendix A below. 174 SALVATION THROUGH INFLATION participate in the profits of the firm. Whether the firm makes a profi...

Ngày tải lên: 09/08/2014, 19:22

... to-day. 33 The proper 30 . Social Credit, p. 29. 31 . Norman Cohn, Warrant jbr Genocide (New York Harper& R OW , 1967), p. 1 03. 32 . Social Credit, p. 146. 33 . Ibid., p. 147. 216 SALVATION ... restrain the accumulation of power in the hands of an elite? The Premise of Inflationism Social Credit is one more scheme in a long list of fiat money...

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... of. funds, but 244 SALVATION THROUGH INFLATION different kind of break from the one he hypothesized in his critique of bank credit. The A + B Theorem has nothing to do analytically with the credit ... brought up the A + B Theo- rem? In short, wh~ does the supposed dilemma of the A + B Theorem apply only to today’s capitalism? If the answer is “bankers,” the...

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... disappear, 1 23 elastic, xvi features, 48 fiduciary, xvi follow, 108 free marke~ 3 held by someone, 2 53- 54 interest rate, 233 -34 land &, 63 lubrication, 231 metals, 233 mining &, 233 most marketable, ... 170 technicians, 93- 94 tenant for life, 74-75 theater, 116 theosophy, 39 thermodynamics, 125 “thieves; 90-91, 1 03 Thomas, Dylan, 38 thrift, 132 -35 , 152 tickets...

Ngày tải lên: 09/08/2014, 19:22